Elon Musk’s plan could push DOGE price to $1?

Jakarta, Pintu News – Elon Musk’s plan to send Dogecoin (DOGE) to the moon has sparked another big conversation in the crypto community. The SpaceX CEO revealed that one of his company’s missions will likely be to physically carry the Dogecoin token to the moon in 2027.

This statement immediately sparked speculation in the cryptocurrency market about a potential surge in the price of the memecoin. Many investors are now asking whether this symbolic move could push DOGE towards a price of US$1 or around Rp16,898.

Elon Musk and Dogecoin’s Plan to the Moon

Elon Musk is known as one of the biggest supporters of Dogecoin (DOGE) in the crypto world. He often promotes the coin through various social media posts that often influence market sentiment.

In early 2026, Musk attracted attention again after stating that SpaceX would likely launch Dogecoin to the moon in 2027. If realized, this move could be a symbolic moment that reinforces the “to the moon” narrative popular in the crypto community.

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Dogecoin price still under pressure

Despite the support of Elon Musk, the price performance of Dogecoin (DOGE) in recent months has tended to weaken. DOGE had reached a price of around US$0.46 or around Rp7,773 in December 2024 before experiencing a downward trend.

Market data shows that the price of DOGE fell by about 2% in the last 24 hours and almost 18% in a month. When compared to the all-time record high of US$0.7316, the current DOGE price is still more than 87% below its peak.

This suggests that investor sentiment towards memecoin is still relatively weak. However, potential big catalysts like the SpaceX project could change that dynamic.

Also read: Bitcoin (BTC) Breaks $70,000: Correction Complete or Just a Bear Market Trap?

Can DOGE Break US$1?

If Elon Musk really does launch Dogecoin to the moon, market sentiment is likely to change drastically. The symbolic action could attract new investors to the crypto market. In the cryptocurrency world, sentiment is often an important factor driving price spikes. As such, some analysts see a chance of a rally if the mission actually happens.

However, reaching a price of US$1 or around Rp16,898 remains a big challenge for Dogecoin. A rise to that level would require a very significant increase in market capitalization.

Besides sentiment, factors such as adoption, liquidity, and global economic conditions will also affect price movements. Therefore, the future of DOGE still depends on a combination of community hype and overall crypto market developments.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Watcher Guru. Elon Musk’s Dogecoin Moon Mission And The Road Toward $1. Accessed March 4, 2026
• Featured Image: Bitcoinist